6. Keynes and the ‘New Economics’ of Fascism
Monetary inflation is the key way to bring about economic fascism. Fascism was a spending, borrowing government, militarism, imperialism, and a planned economy. Keynes’ followers came to power in the 60s with the Kennedy administration. Nixon went on to impose wage and price controls.
Lecture 6 of 10 from Joseph Salerno’s Revisionist History and Contemporary Theory.